Using Chinese provincial data from 1985 to 1998 and applying recent GMM techniques developed for dynamic panels, this paper examines how the development of financial intermediation influences China’s economic growth during the post-1978 reform period. Our econometric results show that China’s financial intermediation development contributes to its rapid economic growth through two channels: the...

Submitted: Jun 26, 2013; Accepted: Jul 22, 2013; Published: Jul 25, 2013 Abstract: In the conditions of social and institutional transformations’ retardation the study of issues concerning transition shift to sustainable economic development seems to be urgent and strategic direction of scientific researches and development. The aggravation of the global economic, social and environmental probl...

This paper assesses the relationship among energy consumption, financial development, economic growth, industrialization and urbanization in Tunisia from 1971 to 2008. The autoregressive distributed lag bounds testing approach to cointegration and Granger causality tests is employed for the analysis. The result confirms the existence of long-run relationship among energy consumption, economic g...

This paper presents the dynamics of environmental problems in Mumbai city. An evolution concept is applied to study the present environmental status of Mumbai. In order to study its dynamics, the entire process of environmental evolution is divided into four types viz. poverty-related environmental issues, industrializationand urbanization-related environmental issues, rapid economic growth-rel...

By tracing Japan’s history, we argue that families and communities have played important roles in the country’s successful socieconomic performance. The argument is first made by comparing Japan’s socioeconomic data with those of other Organisation for Economic Co-operation and Development (OECD) countries. Then, we look into some case studies to gain a better understanding of the roles played ...

This study investigates the impact of energy consumption and financial development on economic growth using neo-classical production function in the case of US. The ARDL (Autoregressive distributed lag) bounds testing approach with additional variables (energy consumption and financial development) is used to investigate cointegration during the period of 1967-2012 in US. The ARDL reveals a coi...

Does the current economic crisis require the deep cuts in public spending announced in the June 2010 emergency budget, with potential implications for public health? The arguments for and against such cuts in response to economic recession are complex, but if public health professionals are to engage in debates about future public spending, they should be informed by relevant evidence. In this ...

Malnutrition is locked in a vicious cycle of increased mortality, poor health, impaired cognitive development, slow physical growth, reduced learning capacity, inferior performance, and ultimately lower adult work performance and productivity. The consensus of global scientific evidence indicates that lowering the rates of malnutrition will be an indispensable component of any successful progra...

The effect of economic growth on environmental quality is much under dispute. A number of empirical studies have made the claim that there exist in some income ranges a positive relation between per capita income and some measure of environmental quality. According to this inverted U-shaped pattern of different pollutants relative to per capita incomes in different countries which is also calle...

Pursuant to Article 1 of the Convention signed in Paris on 14th December 1960, and which came into force on 30th September 1961, the Organisation for Economic Cooperation and Development (OECD) shall promote policies designed: − to achieve the highest sustainable economic growth and employment and a rising standard of living in Member countries, while maintaining financial stability, and thus t...